Tag: investing

Most traders spend their lives searching for the perfect strategy. They believe the next indicator, the next system or the next prediction will finally unlock their success. They are wrong. In Jack of All Trades, the author reveals a truth that few traders are willing to confront. Consistent profitability has nothing to do with finding the perfect trade. Instead, it has everything to do with becoming the right trader.

Most parents spend decades building generational wealth, but few spend the time preparing the next generation to manage it. That is often where things fall apart. We are very good at transferring assets, but we are not good at transferring judgment.

With geopolitical conflict, elections, oil prices and inflation risks dominating headlines, it is easy to believe everything is beyond your control. However, that is not the case. The most important drivers of long-term investment success are often the factors you can control. They start with understanding how you behave when markets feel uncomfortable.

If you're eager to get into the stock market because you've heard it's a fast track to wealth, think again. The reality is that most individual stocks result in losses over the long term. This finding emerged in a recent article by Hendrik Bessembinder, which analysed the investment outcomes of 29,754 common stocks listed on the US public markets from 1926 to 2025.

Investors often turn to alternative investments. They seek something that listed markets cannot always provide. For instance, they want a different return profile. They also want less exposure to daily market sentiment. In addition, they want better portfolio risk management when conditions become more volatile.

I write this from London on the eve of England’s first game at the FIFA World Cup. Before a ball is kicked, the airwaves already fill with debate. Has Thomas Tuchel made a mistake by leaving out star names such as Cole Palmer, Phil Foden and Trent Alexander-Arnold? While some people call for a public inquiry, I can understand Tuchel’s choices as an investment manager.

The concept of delayed gratification – resisting an immediate reward or temptation to receive a bigger or better reward later – is not a new one. However, modern life makes discipline harder than ever. We now live in a world shaped by on-demand convenience, algorithm-driven marketing, relentless social pressure and easy access to short-term credit. In this environment, ignoring fleeting trends becomes difficult.

Nobody likes a know-it-all. In Shirley Valentine, the British cult classic, a headmistress asks her class, “What is man’s greatest invention?” Answers fly - Sputnik, the Hoover, the aeroplane, the internal combustion engine. Shirley knows the answer but is ignored in favour of the usual teacher’s pets. Only when no raised hands remain does the headmistress relent: “Oh, very well, Shirley. You might as well get it wrong along with everybody else.”

Read our exclusive cover story titled Elevated innovation – the brakes that accelerated wealth? by Jason Spilkin, Co-Portfolio Manager, Credo, plus a host of other topical management articles written by professionals, consultants and academics.

South African bond markets rewarded fixed-income investors with exceptional calendar-year returns in both 2024 and 2025. The All Bond Index (ALBI) returned 17% and 24%, respectively. These returns significantly exceed the norm. Therefore, we anticipated moderating performance in 2026.